Should I get one drafted by a lawyer?
We would say, always use a lawyer, for good reason. Here’s why:
1. Shareholder Considerations are Complex
A shareholder agreement is a complex document. Many different. Things need to be considered. An experienced commercial lawyer will be able to advise you as to. Both What needs to be considered are the pros and cons of taking one course or another. In our experience, virtually every shareholder agreement is different because it. Depends on individual circumstances, the number and types from shareholders, the number and types of directors, the types exit strategies, and the list goes on.
A solicitor will consider the unique aspects of your business or the specific needs of your shareholders. A lawyer can tailor the agreement to your specific circumstances, ensuring that it aligns with your business goals, structure, and any legal requirements.
2. The Value of Legal Expertise
A lawyer brings legal expertise and knowledge of current regulations to the drafting process. They can help you avoid potential pitfalls and ensure that the agreement is legally sound.
You want to make sure, as far as is reasonably, possible that are covered, namely all legal aspects relevant to your jurisdiction, industry, let alone your individual circumstances.
3. Future Disputes
A well-drafted agreement can help prevent future disputes among shareholders. A lawyer can anticipate potential areas of conflict and draft provisions to address them.
4. Changes Over Time
Businesses and regulations evolve. A lawyer can help you create an agreement that anticipates potential changes in your business and the legal landscape.
5. Peace of Mind
Having a lawyer-drafted agreement provides a greater sense of security, knowing that it has been tailored to your needs and has undergone legal review. Ideally, you want to “put it in the drawer” knowing that it is there to provide clarity and guidance should the need arise.
Our Brisbane shareholder agreement lawyers provide expert advice, draft and review your agreement, ensuring it caters to the existing needs and pre-empts issues. A personalised approach is key to ensuring the documentation is fit for purpose and your business is protected. Contact us today to discuss your situation.